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Another senior staffer has left a struggling hedge fund started by a Steve Cohen protégé

Another senior staffer has left a hedge fund
started by a Steve Cohen protégé.

Folger Hill Asset Management's Jennifer Rusk, the director of
investor relations, left last week, according to people familiar
with the matter.

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Rusk started working at the hedge fund in January 2015, according
to a LinkedIn page. Her next move was not immediately clear.

Other members of Folger Hill's business development and marketing
team are taking over Rusk's duties, a person briefed on the
matter said.

The people spoke on the condition of anonymity because they did
not wish to be named.

The firm, which has been struggling with performance, has lost
several senior staffers over the past few months, including at
least two portfolio managers and the firm's director of risk,
Business Insider previously reported.

Leucadia-backed Folger Hill lost about a third of its assets last
year, Reuters reported. The firm managed about $1 billion as of
mid-2016, according to the Hedge Fund Intelligence Billion Dollar
Club, and assets fell to about $600 million just three months
later, according to Reuters.